On the occasion of this year’s Old School Kung Fu Fest, WSJ offers a glossary, compiled from Fu-savvy sources, to explain the finer points of the genre and introduce important players, onscreen and off.

Beijing Ruyi Xinxin Film Investment, a local firm that backed a slate of recent local box office hits, is working with Hollywood’s Paramount Pictures to produce a 3-D version of the Chinese legend that aims to be released in the summer of 2017.